NPORT-EX 2 GB02GB123122.htm
TETON
Westwood
Balanced
Fund
Schedule
of
Investments—December
31,
2022
(Unaudited)
1
Shares
Market
Value
COMMON
STOCKS
—
64
.2
%
Aerospace
—
1
.2
%
2,299‌
L3Harris
Technologies
Inc.
...............................
$
478,675‌
Automotive:
Parts
and
Accessories
—
1
.9
%
936‌
O'Reilly
Automotive
Inc.
†
.................................
790,012‌
Banking
—
2
.5
%
20,746‌
Bank
of
America
Corp.
......................................
687,107‌
5,466‌
Western
Alliance
Bancorp
.................................
325,555‌
1,012,662‌
Business
Services
—
1
.4
%
2,810‌
Visa
Inc.
,
Cl. A
....................................................
583,806‌
Computer
Software
and
Services
—
6
.3
%
1,078‌
Accenture
plc
,
Cl. A
...........................................
287,654‌
4,737‌
Alphabet
Inc.
,
Cl. A
†
.........................................
417,945‌
2,141‌
CACI
International
Inc.
,
Cl. A
†
.........................
643,563‌
3,137‌
Cadence
Design
Systems
Inc.
†
.........................
503,928‌
3,117‌
Microsoft
Corp.
..................................................
747,519‌
2,600,609‌
Consumer
Products
—
1
.2
%
6,319‌
Church
&
Dwight
Co.
Inc.
................................
509,375‌
Consumer
Services
—
1
.2
%
5,877‌
Amazon.com
Inc.
†
.............................................
493,668‌
Diversified
Industrial
—
3
.6
%
4,037‌
Eaton
Corp.
plc
..................................................
633,607‌
7,652‌
Fortive
Corp.
......................................................
491,641‌
1,645‌
Honeywell
International
Inc.
............................
352,524‌
1,477,772‌
Electronics
—
2
.7
%
10,301‌
Microchip
Technology
Inc.
................................
723,645‌
1,030‌
Monolithic
Power
Systems
Inc.
........................
364,218‌
1,087,863‌
Energy
and
Energy
Services
—
2
.1
%
2,726‌
EOG
Resources
Inc.
...........................................
353,071‌
4,747‌
Schlumberger
Ltd.
.............................................
253,775‌
2,155‌
Valero
Energy
Corp.
..........................................
273,383‌
880,229‌
Energy:
Integrated
—
3
.1
%
2,635‌
DTE
Energy
Co.
.................................................
309,692‌
3,803‌
NextEra
Energy
Inc.
..........................................
317,931‌
6,836‌
WEC
Energy
Group
Inc.
...................................
640,943‌
1,268,566‌
Energy:
Oil
—
2
.3
%
3,463‌
Chevron
Corp.
...................................................
621,574‌
2,835‌
ConocoPhillips
...................................................
334,530‌
956,104‌
Equipment
and
Supplies
—
3
.0
%
6,194‌
Amphenol
Corp.
,
Cl. A
.....................................
471,611‌
2,918‌
Danaher
Corp.
...................................................
774,496‌
1,246,107‌
Financial
Services
—
8
.0
%
8,150‌
American
International
Group
Inc.
..................
515,406‌
2,651‌
Arthur
J.
Gallagher
&
Co.
.................................
499,820‌
1,605‌
Berkshire
Hathaway
Inc.
,
Cl. B
†
.......................
495,784‌
4,748‌
Blackstone
Inc.
...................................................
352,254‌
Shares
Market
Value
6,769‌
JPMorgan
Chase
&
Co.
......................................
$
907,723‌
1,419‌
The
Goldman
Sachs
Group
Inc.
........................
487,256‌
3,258,243‌
Food
and
Beverage
—
2
.2
%
6,505‌
McCormick
&
Co.
Inc.,
Non-Voting
.................
539,199‌
1,998‌
PepsiCo
Inc.
........................................................
360,959‌
900,158‌
Health
Care
—
7
.8
%
3,021‌
Becton,
Dickinson
and
Co.
................................
768,240‌
7,278‌
Gilead
Sciences
Inc.
...........................................
624,816‌
4,904‌
Johnson
&
Johnson
............................................
866,292‌
695‌
McKesson
Corp.
.................................................
260,709‌
1,250‌
UnitedHealth
Group
Inc.
..................................
662,725‌
3,182,782‌
Real
Estate
—
3
.3
%
3,142‌
Alexandria
Real
Estate
Equities
Inc.
,
REIT
......
457,695‌
3,366‌
Prologis
Inc.
,
REIT
.............................................
379,449‌
15,395‌
VICI
Properties
Inc.
,
REIT
.................................
498,798‌
1,335,942‌
Retail
—
5
.1
%
4,893‌
CVS
Health
Corp.
..............................................
455,979‌
2,110‌
Dollar
General
Corp.
.........................................
519,588‌
1,568‌
The
Home
Depot
Inc.
........................................
495,268‌
4,251‌
Walmart
Inc.
.......................................................
602,749‌
2,073,584‌
Semiconductors
—
1
.8
%
971‌
ASML
Holding
NV
............................................
530,554‌
1,335‌
NVIDIA
Corp.
....................................................
195,097‌
725,651‌
Telecommunications
—
1
.8
%
40,161‌
AT&T
Inc.
...........................................................
739,364‌
Transportation
—
1
.7
%
3,263‌
Union
Pacific
Corp.
............................................
675,669‌
TOTAL
COMMON
STOCKS
.........................
26,276,841‌
MANDATORY
CONVERTIBLE
SECURITIES
(a)
—
1
.4
%
Health
Care
—
1
.4
%
5,090‌
Boston
Scientific
Corp.
,
Ser.
A
,
5.500
%
,
06/01/23
..............................................
584,434‌
Principal
Amount
CORPORATE
BONDS
—
26
.8
%
Aerospace
—
0
.6
%
$
255,000‌
AerCap
Ireland
Capital
DAC
/
AerCap
Global
Aviation
Trust
,
4.450
%
,
10/01/25
..............................................
245,440‌
Banking
—
1
.7
%
750,000‌
Fifth
Third
Bancorp
,
2.375
%
,
01/28/25
..............................................
711,858‌
Computer
Software
and
Services
—
1
.0
%
Oracle
Corp.
240,000‌
6.250
%
,
11/09/32
..............................................
252,663‌
135,000‌
6.900
%
,
11/09/52
..............................................
146,508‌
TETON
Westwood
Balanced
Fund
Schedule
of
Investments
(Continued)—December
31,
2022
(Unaudited)
2
Principal
Amount
Market
Value
CORPORATE
BONDS
(Continued)
Diversified
Industrial
—
1
.5
%
$
510,000‌
Cabot
Corp.
,
4.000
%
,
07/01/29
..............................................
$
458,448‌
191,000‌
Jabil
Inc.
,
1.700
%
,
04/15/26
..............................................
169,633‌
628,081‌
Energy
and
Energy
Services
—
1
.1
%
235,000‌
Energy
Transfer
LP
,
6.250
%
,
04/15/49
..............................................
221,034‌
260,000‌
Plains
All
American
Pipeline
LP
/
PAA
Finance
Corp.
,
3.800
%
,
09/15/30
..............................................
227,205‌
448,239‌
Energy:
Oil
—
2
.1
%
95,000‌
Diamondback
Energy
Inc.
,
6.250
%
,
03/15/33
..............................................
96,918‌
275,000‌
MPLX
LP
,
2.650
%
,
08/15/30
..............................................
225,019‌
395,000‌
Petroleos
Mexicanos
,
6.700
%
,
02/16/32
..............................................
311,003‌
259,000‌
Piedmont
Natural
Gas
Co.
Inc.
,
5.050
%
,
05/15/52
..............................................
236,835‌
869,775‌
Financial
Services
—
7
.0
%
138,000‌
American
Honda
Finance
Corp.
,
MTN
,
1.000
%
,
09/10/25
..............................................
124,716‌
500,000‌
Bank
of
America
Corp.
,
(U.S.
Secured
Overnight
Financing
Rate
+
1.21%)
,
2.572
%
,
10/20/32
(b)
.........................................
394,266‌
500,000‌
Bank
of
Montreal
,
MTN
,
2.650
%
,
03/08/27
..............................................
458,050‌
140,000‌
Berkshire
Hathaway
Finance
Corp.
,
2.850
%
,
10/15/50
..............................................
94,892‌
600,000‌
Capital
One
Financial
Corp.
,
3.750
%
,
04/24/24
..............................................
588,888‌
500,000‌
Citigroup
Inc.
,
(U.S.
Secured
Overnight
Financing
Rate
+
1.28%)
,
3.070
%
,
02/24/28
(b)
.........................................
452,119‌
370,000‌
HSBC
Holdings
plc
,
(U.S.
Secured
Overnight
Financing
Rate
+
3.03%)
,
7.336
%
,
11/03/26
(b)
.........................................
385,785‌
405,000‌
Owl
Rock
Capital
Corp.
,
3.400
%
,
07/15/26
..............................................
354,597‌
2,853,313‌
Food
and
Beverage
—
0
.7
%
380,000‌
The
J.M.
Smucker
Co.
,
3.550
%
,
03/15/50
..............................................
263,809‌
Health
Care
—
2
.7
%
450,000‌
Aetna
Inc.
,
3.500
%
,
11/15/24
..............................................
437,978‌
750,000‌
Amgen
Inc.
,
2.200
%
,
02/21/27
..............................................
674,941‌
1,112,919‌
Hotels
and
Gaming
—
0
.5
%
235,000‌
Marriott
International
Inc.
,
4.625
%
,
06/15/30
..............................................
220,464‌
Principal
Amount
Market
Value
Real
Estate
—
1
.8
%
$
150,000‌
Brixmor
Operating
Partnership
LP
,
2.250
%
,
04/01/28
..............................................
$
125,465‌
355,000‌
Kimco
Realty
Corp.
,
4.600
%
,
02/01/33
..............................................
326,884‌
265,000‌
Realty
Income
Corp.
,
2.850
%
,
12/15/32
..............................................
216,474‌
113,000‌
Vornado
Realty
LP
,
3.400
%
,
06/01/31
..............................................
84,542‌
753,365‌
Retail
—
2
.5
%
151,000‌
7-Eleven
Inc.
,
0.950
%
,
02/10/26
..............................................
132,529‌
200,000‌
AutoZone
Inc.
,
1.650
%
,
01/15/31
..............................................
155,904‌
800,000‌
CVS
Health
Corp.
,
3.250
%
,
08/15/29
..............................................
719,295‌
1,007,728‌
Semiconductors
—
1
.2
%
235,000‌
Broadcom
Inc.
,
4.150
%
,
11/15/30
..............................................
211,442‌
275,000‌
NXP
BV
/
NXP
Funding
LLC
/
NXP
USA
Inc.
,
5.000
%
,
01/15/33
..............................................
261,294‌
472,736‌
Telecommunications
—
0
.4
%
270,000‌
Charter
Communications
Operating
LLC
/
Charter
Communications
Operating
Capital
Corp.
,
3.700
%
,
04/01/51
..............................................
166,167‌
Transportation
—
2
.0
%
875,000‌
AP
Moller
-
Maersk
A/S
,
4.500
%
,
06/20/29
..............................................
834,859‌
TOTAL
CORPORATE
BONDS
.......................
10,987,924‌
CONVERTIBLE
CORPORATE
BONDS
—
1
.4
%
Computer
Software
and
Services
—
0
.7
%
350,000‌
Splunk
Inc.
,
1.125
%
,
06/15/27
..............................................
297,080‌
Health
Care
—
0
.7
%
325,000‌
Exact
Sciences
Corp.
,
0.375
%
,
03/15/27
..............................................
269,750‌
TOTAL
CONVERTIBLE
CORPORATE
BONDS
...........................................................
566,830‌
U.S.
GOVERNMENT
OBLIGATIONS
—
6
.2
%
U.S.
Treasury
Bonds
—
4.1%
450,000‌
2.500
%
,
02/15/45
..............................................
341,824‌
700,000‌
2.500
%
,
05/15/46
..............................................
527,133‌
350,000‌
2.250
%
,
08/15/46
..............................................
250,100‌
350,000‌
1.875
%
,
02/15/51
..............................................
224,772‌
70,000‌
2.250
%
,
02/15/52
..............................................
49,175‌
400,000‌
3.000
%
,
08/15/52
..............................................
332,750‌
1,725,754‌
U.S.
Treasury
Notes
—
2.1%
350,000‌
4.125
%
,
10/31/27
..............................................
351,887‌
159,000‌
2.625
%
,
02/15/29
..............................................
147,323‌
TETON
Westwood
Balanced
Fund
Schedule
of
Investments
(Continued)—December
31,
2022
(Unaudited)
3
__________
Principal
Amount
Market
Value
U.S.
GOVERNMENT
OBLIGATIONS
(Continued)
$
360,000‌
2.750
%
,
08/15/32
..............................................
$
329,063‌
828,273‌
TOTAL
U.S.
GOVERNMENT
OBLIGATIONS
.............................................
2,554,027‌
TOTAL
INVESTMENTS
—
100.0%
(Cost
$
40,669,462
)
...........................................
$
40,970,056‌
†
Non-income
producing
security.
(a)
Mandatory
convertible
securities
are
required
to
be
converted
on
the
dates
listed;
they
generally
may
be
converted
prior
to
these
dates
at
the
option
of
the
holder.
(b)
Variable
rate
security.
Security
may
be
issued
at
a
fixed
coupon
rate,
which
converts
to
a
variable
rate
at
a
specified
date.
Rate
shown
is
the
rate
in
effect
as
of
December
31,
2022.
MTN
Medium
Term
Note
REIT
Real
Estate
Investment
Trust